China takes control of global silver prices

China has been an unofficial price-setter for most metals over the past decade. And this week, the country became an official participant in setting prices for one of the world’s most important precious metals markets. That’s the London Bullion Market

Hopes of business-friendly reforms in India fade

Even as India shines as a rare bright spot in a sluggish global economy, the country’s business-savvy prime minister is watching his popularity wane. Narendra Modi swept into power in May 2014 on the strength of a charismatic personality and

Chinese stocks plunge more than 6%

China’s Shanghai composite index plunged more than 6% Thursday — its biggest one-day drop in a month — amid ongoing fears about the health of the world’s second largest economy. The benchmark dived 6.4% to 2,741.25, days before finance ministers

Global markets rally as Japanese stocks surge 7% on extra stimulus hopes

European and Asian markets rallied Monday as Japanese stocks surged after dismal growth data raised hopes of extra stimulus from Tokyo. Japan’s Nikkei 225 index rebounded from a 5% dive last week to surge 7.2% to close at 16,022.58, its

Europe racks up billions in deals with Iran now that sanctions are lifted

Europe is racking up billions in deals with oil-rich Iran as its president, Hassan Rouhani, makes a goodwill tour less than two weeks after the lifting of international sanctions on the Islamic Republic. Iran is looking to boost its economic ties

Chinese stocks dive more than 6% as oil falls

China’s benchmark index plunged more than 6% Tuesday, after a renewed slump in oil prices kept investors on edge about the global economy. The Shanghai composite index dived 6.4% to 2749.79 — its lowest close since Dec.1, 2014 — continuing

China angst shows markets as fragile as fine china

On the first day of trading in 2016, China lived up to its reputation as a “shock to watch” in the new year, as a nearly 7% stock plunge in Shanghai revived bad memories of last summer’s China-inspired stock swoon.

China launches probe of Microsoft’s data practices, alleging “major problems”

The Chinese government expanded its probe of Microsoft’s business practices in the country, alleging “major problems” in the company’s electronic data. In a statement, China’s State Administration for Industry and Commerce (SAIC) said the Redmond, Wash.-based company will be required

Oilprice.com: Saudi-Iran dispute won’t boost oil

Oil prices jumped on the first trading day of 2016 as Middle East tension outweighed a selloff in financial markets around the world. Oil markets remain oversupplied and depressed, but geopolitical flashpoints have a historical tendency to disrupt market trends.

EU orders 35 companies to pay $765M in taxes

Thirty-five large companies have been ordered to fork over $765 million in tax breaks that European Union regulators have ruled were illegally provided by Belgium. The European Commission, the EU’s top anti-trust regulator, said Monday that a tax benefit provided

show all world